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In this video, I talk about collaborative competitions in open innovation. It is a rare type of projects that can give outstanding results for difficult to solve scientific and technological challenges. Competition and collaboration come together to accelerate the process of finding a solution and boost creativity and efficiency. Such projects are difficult to manage and they are quite risky, but for some cases they can help to make the impossible possible. And that's what many companies are looking for in innovation. TIMESTAMPS: 00:00 - Introduction 02:49 - Collaborative competitions in open innovation 10:51 - What projects collaborative competitions are good for 12:05 - How expensive this model of open innovation is 14:28 - Challenges of collaborative competitions LINKS: Feel free to connect with me on LinkedIn: / liza-shvyndzikava We do collaborative science-based innovation projects and hackathons in at Disruptiv: https://www.disruptivcompany.com #cocreation #innovationmanagement #collaboration #breakthrough #innovation #researchanddevelopment #innovationculture #businesschallenges #projectmanagement #partnership #collaborativeefforts #collaborativesuccess #openinnovation #innovativeresearch #innovativethinking #innovationculture #scientificcollaboration #businessgrowth #businesscollaboration #businesssuccess #industrychallenges #topmanagement #management #exploringinnovation #researchandinnovation #hackathons #collaborationtips